Formal & Mobile Money Savings Statistics in Panama (2026)
According to World Bank Global Findex data, 32.9% of adults in Panama saved at a formal financial institution or using a mobile money account in 2024. Up from 15.1% in 2021 to 32.9% in 2024 (+17.8 percentage points). Panama ranks #5 of 20 economies in Latin America & Caribbean on this measure, and #60 of 142 globally.
Key Statistics
- Latest value (2024)
- 32.9% (2024)
- Formal & Mobile Money Savings in Panama as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +17.8 pp (2024)
- Up from 15.1% in 2021 to 32.9% in 2024 (+17.8 percentage points).
- Earliest value in this dataset (2011)
- 12.5% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 12.5% in 2011 to 32.9% in 2024.
- Record high (2024)
- 32.9% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Panama.
- Rank in Latin America & Caribbean
- #5 of 20 (2024)
- Panama ranks 5 of 20 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #60 of 142 (2024)
- Panama ranks 60 of 142 countries with data globally.
- Latin America & Caribbean average
- 24.7% (2024)
- Panama (32.9%) is above the average of 24.7% across the 20 countries in Latin America & Caribbean with data.
- Saved at a bank or similar financial institution (% age 15+) (2024)
- 27.5% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in Panama (2024)
- 72.8% (2024)
- 72.8% of the population in Panama used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 4.5 million (2024)
- Panama had a population of 4.5 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 32.9% | +17.8 pp |
| 2021 | 15.1% | +0.6 pp |
| 2017 | 14.5% | −5.9 pp |
| 2014 | 20.4% | +7.9 pp |
| 2011 | 12.5% | — |
Frequently asked questions
What share of adults in Panama saved at a formal financial institution or using a mobile money account?
32.9% of adults in Panama saved at a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
How has formal & mobile money savings in Panama changed over time?
World Bank Global Findex data show a rise from 12.5% in 2011 to 32.9% in 2024.
How does Panama compare with other countries in Latin America & Caribbean?
Panama ranks 5 of 20 countries in Latin America & Caribbean with data, with 32.9% versus a regional average of 24.7% (latest values per country).
Source & methodology
Source: World Bank Global Findex, indicator
fin17a.17a1.d, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .